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We measure the loss potential of Hedge Funds by combining three market risk measures: VaR, Draw-Down and Time Under-The-Water. Calculations are carried out considering three different frameworks regarding Hedge Fund returns: i) Normality and time-independence, ii) Non-normality and time-...
Persistent link: https://www.econbiz.de/10005134729
Hedge Fund Performance and Persistence in Bull and Bear Markets DANIEL P.J. CAPOCCI University of Liege - Economics, Business Administration and Social Sciences A. CORHAY University of Liege - Department of Financial Management; University of Maastricht (formerly University of Limburg) -...
Persistent link: https://www.econbiz.de/10005134919
The bank-based financial systems of Germany and Japan were considered most conducive to growth in the 1980s. After the Japanese stagnation of the 1990s and the most recent slump in Germany, the conviction that the market-based Anglo-American financial systems are a prerequisite for a dynamic...
Persistent link: https://www.econbiz.de/10005126439
India Port report by I-maritime, Mumbai presents a broader prospect of Indian port sector with a public policy prospective and has integrated focal points of different business entity like, shipping lines, port authority, port operators, logistics agencies and types of cargo transported by...
Persistent link: https://www.econbiz.de/10005126058
intransigence of the previous regime the IMF and World Bank have taken advantage of political change in Malawi to push a reform … stagnation. The enthusiasm of the World Bank and IMF in pushing for continued reform is further hurting the economy and pushing … reform process, and also allow reasonable time for adjustment, the Bank and Fund is keen to push for reform without shaping …
Persistent link: https://www.econbiz.de/10005126152
voters' welfare. We find that the designers of a successful reform need to have information that is privately held by … candidates. The redistributive effects of a reform and how that would affect the popularity of the reform is discussed as well …. Finally, we argue that a welfare-improving reform that would reduce the corruption may not be supported by both corrupt and …
Persistent link: https://www.econbiz.de/10005062385
The economic performance of Vietnam in the 1990s would be classified as a “miracle” if such achievements were not so common in Asia in the latter half of the twentieth century. GDP growth rates between 8.1 percent to 9.5 percent during 1992-97 were led by industry and services, though the...
Persistent link: https://www.econbiz.de/10005062418
— the evaluative framework used for assessing reform proposals and the development of implementation strategies to give … involve explicit consideration of the likely benefits, costs and distributional effects of reform proposals, not just for …
Persistent link: https://www.econbiz.de/10005062446
Government to examine the contribution that national reform of building regulation has made and further reform could make to the … in reform of building regulation and to negotiate a new Intergovernmental Agreement. The agreement would clarify the … objectives of building regulation reform; strengthen the commitment to national consistency; and also affirm the importance of a …
Persistent link: https://www.econbiz.de/10005407799
, as a ‘bottom-up’ solution, rather than continuing attempts to force through ‘top-down’ reform of the existing state …
Persistent link: https://www.econbiz.de/10005118875